What does a celebrity's accounting balance sheet look like?

NY Magazine asked a high level Hollywood manager to share the costs a typical celebrity might have. Found it sort of fascinating. Although, to be honest, it would be much more fun to see what, say, Lil Wayne's balance sheet looks like.

The biggest thing I wonder about is how they go about raising their children with that lifestyle. (I frequently wonder the same thing about the President.) Michelle Williams noted at the Golden Globes that she's a "mother first." My wife and I are lucky to get to a movie once a month. These people seem to be on the town multiple times a week, or so it seems. How? Do they drop their kids off at school in the morning? Do they write a check to the day care/nanny just like I do? Does Michelle Williams read to her kids at night? Does she play trains with them for hours on end like I do?

I question the expenses. Seems many celebs find ways to get free stuff by trading their celebrity status for home renovation discounts, fitness training, maybe get a condo comped in exchange for allowing the building to let people know they live there, pal around with business titans who will loan out their yacht or island getaway.
I've always thought the biggest expense would be personal assistants, publicists, security and career management.

Hell no on the "Mom first" nonsense. That's what they say at award shows to feel better about themselves. I'd 60 to 70 percent of those kids are raised primarily by nannies.

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Yeah, I would tend to agree with that. I covered a coach whose wife had a nanny for each kid (three total) and she didn't work. That didn't prevent my paper from making her sound like she was mother of the century. I sure as hell wasn't going to correct them...

There are movie stars who don't work as much and usually try to avoid the limelight (Reese Witherspoon, Julia Roberts and Sandra Bullock come to mind...) and I wonder if they really are hands-on parents or if they pawn everything off on a nanny.

This stuff doesn't surprise me much. What did surprise me was the financial info that was part of Zooey Deschanel's divorce filings. Pretty impressive, if you ask me. Would like to think I would approach my money the same way if I were a celebrity.